Pump and dumpfeature was made so that you are the first one to know of any such opportunities arising across different exchanges. It can be used in two ways first by selling the coins you are already holding and buying it after some time at the right moment. Another way is if you want to take advantage of such volatility by buy in low and sell in higher for upward trend or vice-versa as generally a pump is always followed by a downward trend respectively.
Guys after taking feedback from many users and after beholding the feature by us for past 4 months we have made quite significant changes in pump and dump feature to make it more user-specific and more intuitive in finding data as per user preference and help you take advantage of all the pump and dump going across exchanges.
Change in time-interval
Now instead of showing 1 to 5 min price difference, we have removed certain time-difference which we think were irrelevant and added new ones that will help you in detecting an increase or decrease in coin prices in a prudent manner.
Now you can find the price change of coins for 2min, 5 min, and 10 min interval giving you a good idea of how coin prices are moving and to whether short or long your coins.
Primary and Secondary filter support
After arbitrage now we have added the same dynamic filter algorithm to pump and dump section helping you to find data in an ingenious way.
Primary filter keys in pump and dump are time-interval, coins, and movement. So now you will always have the price change data of your favorite coins as many of you always wanted. On the other hand, secondary filter key in pump and dump is Exchange. To know more on how to use primary and secondary filters in KoinKnight visit this article.
BTC price movement tracking
We all know how BTC trend affects other alt-coins and its impact on the overall crypto markets. Increase or decrease in BTC price causes a chain reaction in alt-coins and followed by an overall increase in the liquidity coming to markets leading to many arbitrage opportunities. So, we don’t want our users to miss this very crucial first-mover advantage and to help the users we have dedicated one of our bots to continuously keep a track of all the price changes happening in Bitcoin across all the exchanges and sending you email and notifications for all sudden major changes.